Technical analysis, overhead supply awaiting absorption, and a shift in investor sentiment have increased the likelihood of Bitcoin reaching $80,000 in April.
Bitcoin bulls spent the week stampeding toward a critical overhead resistance level, which, if breached, could restart the bull market in BTC and altcoins.
Although US inflation was weaker than expected in March, the ongoing war between the United States, Iran and Israel has fueled macroeconomic uncertainty.
Fidelity and Morgan Stanley’s Bitcoin ETFs also saw a combined $68.2 million in inflows, while four other Bitcoin ETFs also tallied inflows on Thursday.
